The market capitalization of the Nigerian Exchange (NGX) surged to N78.73 trillion Wednesday, increasing the wealth of equity investors by N1.76 trillion.
Despite showing mixed results in key performance indices, the stock market maintained its bullish run to end Thursday’s trading session on a positive note
The market index closed at a new all-time high of 124,446.80 after rising 2.01% and adding 2,457.13 basis points.After GTCO’s new listing, the stock market capitalization increased by ₦1.76 trillion, or 2.28%, to settle at ₦78.73 trillion.
The Nigerian Exchange listed GTCO Plc’s public offering of 2,288,250,000 ordinary shares of 50 kobo each at ₦70.00 a share on the exchange today, causing a division between the market index and the market capitalization.
According to market data, trading activity improved as overall trade volume and value rose by 44.05% and 77.62%, respectively.
With 13.62% of all trades, ACCESSCORP topped the activity chart in terms of volume. The next top five were AIICO (6.41%), JAPAULGOLD (5.79%), UBA (5.04%), and FCMB (4.95%).
About The Author
